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The total population of Milford is estimated to be 462 with 219 males (47.40%) and 243 females (52.60%). There are 24 more females than males in Milford.
The median household income in Milford was $48,341 in 2021, which marked an an increase of 3,724(8.35%) from $44,617 in 2020. This income is 64.80% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Milford sees its highest median household income among householders in the age group of 45 to 64 years old, at $76,436. Overall, the median household income for the village of Milford stands at $48,341.
In Milford, the median income for all workers aged 15 years and older, regardless of work hours, was $32,766 for males and $25,208 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,614 for males and $29,848 for females.
In Milford, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $76,886, while White households have a median household income of $39,859.
In 2022, the population of Milford was 402, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Milford's population was 402, a decline of 0.00% compared to a population of 402 in 2020.
The median age in Milford, NY is 56.2, as per 2021 ACS 5-Year Estimates. Of the total population, 8.72% were under the age of 15, 15.83% aged 15 to 29, 51.61% aged 30 to 64, 21.56% aged 65 to 84, and 2.29% were 85 years of age and older.
Racial distribution of Milford population: 86.24% are White and 13.76% are Black or African American.